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General

ZTE losses swell to over USD 3 billion due to US ban - report

Wednesday 23 May 2018 | 08:36 CET | News
ZTE has lost at least CNY 20 billion (USD 3.1 billion) from the US ban on exports to the company, as clients pull out of deals and expenses mount, people familiar with the matter told Bloomberg. However, it has a restart plan in place to pick up operations again quickly if the US government softens its stance. 

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Categories: General
Companies: ZTE
Countries: World
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